Cititec Talent Limited

Cititec Talent Ltd from London UK: a small holding company with an active status, was founded 26 years ago in 1998. Employing 54 people, it holds £1,966,817 in assets and operates from a virtual address, a detail worth noting as 548 other companies share the same location. The company is led by three directors and has one owner, and enjoys a stellar 5.0 Google rating based on 43 reviews. It functions as an irregular importer, primarily dealing in clothing and accessories made by knitting or crocheting, with recent import activity recorded just two months ago.

Cititec Talent Ltd operates in the information technology consultancy and temporary employment agency industries. The company’s website isn’t available for review, so it’s difficult to determine the extent of its online presence or e-commerce activities.

Financially, Cititec Talent Ltd’s recent performance shows some concerning trends. Net assets have plummeted 96%, falling from £450,000 to a mere £16,000. Cash reserves have also taken a hit, dropping 54% to £58,000. Bank borrowings, however, have remained steady at £50,000. Trade debtors have decreased by 22%, suggesting improved collection efforts, but creditors have increased by 38%, indicating a need to manage short-term liabilities. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company.

Overall, while Cititec Talent Ltd maintains a strong Google rating and operates in a niche market, the significant decline in equity and cash reserves warrants attention. Whether this is a temporary setback or a sign of deeper financial challenges remains to be seen, but the company will need to address these trends to ensure its long-term stability.

Registered in England/Wales under the registration number 03614377, with a registered address at EC4M 7RD, United Kingdom, London, First Floor, 5 Fleet Place.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.